Fresnillo (LON:FRES) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Fresnillo (LON:FRES) had its price target lifted by research analysts at Canaccord Genuity Group from GBX 760 ($9.59) to GBX 805 ($10.16) in a research report issued on Tuesday,London Stock Exchange reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 8.93% from the company’s current price.

Separately, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Fresnillo in a report on Friday, November 22nd.

Fresnillo Stock Performance

Shares of Fresnillo stock traded down GBX 19 ($0.24) during trading on Tuesday, hitting GBX 739 ($9.33). 646,059 shares of the stock were exchanged, compared to its average volume of 1,832,902. Fresnillo has a 1-year low of GBX 435.20 ($5.49) and a 1-year high of GBX 839.50 ($10.59). The stock has a market capitalization of £6.83 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of -1.58 and a beta of 0.15. The company has a fifty day moving average price of GBX 693.47 and a 200-day moving average price of GBX 647.35. The company has a current ratio of 5.88, a quick ratio of 3.28 and a debt-to-equity ratio of 23.55.

Fresnillo Company Profile

Fresnillo plc is the world’s largest silver producer and Mexico’s largest gold producer, listed on the London and Mexican stock exchanges.
The Group seeks to create value for stakeholders across precious metal cycles, focusing on high-potential silver and gold projects that can be developed into low cost, world-class mines.
Following a decade of consistent and successful progress, the Group is now focused on consolidating its growth and advancing its pipeline in order to deliver further growth in the years ahead.